3 Afghan Banks to Open Branches in Chabahar

Three Afghan banks have applied for opening branches in
southeastern Iranian port of Chabahar, according to Iran’s Chabahar Free Trade
Zone Organization.

“Most of the Iranian banks have established branches in the
strategic zone of Chabahar, and the Afghans can do so after undergoing the
legal formalities,” Reza Panah, senior official at the Chabahar Free Trade Zone
Organization told the Islamic Republic News Agency (IRNA).

The banks will start operations after receiving approval
from the Central Bank of Iran.

Presently, over 160 Afghan companies are active in Chabahar
free trade zone. More companies are welcomed to open businesses if they
register within the time limit.

The Iranian port is one of the best places for economic operations
for both Iran and Afghanistan.